Tuesday, July 27

Unemployment benefits

Economy, JPMorgan, Markets, pandemic unemployment assistance, Unemployment, Unemployment aid, Unemployment benefits, unemployment filings

There’s’little sign’ that ending unemployment benefits early pushed people back to work, JPMorgan says

Over half of the states in the US have ended federal benefits ahead of their September expiration. Many governors cited the enhanced benefits as keeping workers out of the labor force. But a JPMorgan note says there's little sign that cutting off benefits brought workers back. LoadingSomething is loading. ...
Democrats, Direct payments, Economy, Kentucky, Markets, Mitch McConnell, Nancy Pelosi, Policy, Politics, Republicans, State Aid, Stimulus checks, Unemployment benefits

Nancy Pelosi rips McConnell for touting stimulus aid for Kentucky:’Vote no and take the dough’

Nancy Pelosi rebuked Mitch McConnell for touting state aid for Kentucky from the stimulus. "I didn't vote for it, but you're going to get a lot more money,' McConnell said to local lawmakers. Some Republicans have touted parts of the law in recent months, even though none voted for it. LoadingSomething is loading. ...
Coronavirus relief, Economy, Federal jobless aid, federal unemployment, Indiana, Jobless benefits, Markets, Maryland, Ohio, pandemic unemployment assistance, PEUC, Policy, Politics, pua, Stimulus, Unemployment benefits

Laid-off workers are scoring early wins in lawsuits against GOP governors attempting to cut off federal jobless aid

Jobless workers in Indiana and Maryland racked up early court wins to restore federal unemployment. "I think it certainly has the potential to start more cases," one expert said of the litigation. A lawyer who brought a similar case in Ohio said he may even go after the state for damages. See more stories on Insider's business page. Jobless workers in Ohio are the latest group to push back in court against Republican governors cutting off their federal benefits early.Federal benefits in the state wound down on June 26, months ahead of their scheduled expiration in September. A new lawsuit representing three Ohio workers claims the ...
Economy, Larry Hogan, Maryland, Politics, State Aid, State unemployment, Unemployment, Unemployment benefits, weekend BI US

Maryland to continue paying federal unemployment benefits after judge rules against Governor Hogan

Federal unemployment benefits will continue to be paid in Maryland after a judge ruled against Governor Larry Hogan. Maryland was set to end the pandemic unemployment aid Saturday evening, which includes $300 weekly payments. Governor Hogan has indicated that he will immediately appeal the decision. LoadingSomething is loading. ...
BI Graphics, Economy, Inequality, Markets, Racism, Unemployment, Unemployment aid, Unemployment benefits, wage gap, Women at Work

Women and people of color are missing out on June’s celebrated wage and job growth

June's jobs report showed promising signs of recovery, with gains exceeding expectations. But women and people of color are still seeing a different story as recovery continues. More women rejoined the labor force, but the vast majority are unemployed. LoadingSomething is loading. ...
Biden, Economy, Employment, Jason Furman, Jobs, Labor, Labor Market, Markets, Obama, Peterson Institute for International Economics, Politics, Unemployment, Unemployment benefits, Wages

Only about 2 out of 10 people are leaving unemployment for work. It should be at least 3 out of 10, former Obama economists say.

Former Obama economists Jason Furman and Wilson Powell III said only 24% of the unemployed are returning to work. One would predict 34% would return, they wrote, resulting in 1 million more unemployed finding jobs per month. They said the shortfall is likely temporary and comes down to unemployment benefits and health concerns. LoadingSomething is loading. ...
COVID-19 relief bill, Economic Recovery, Economy, Enhanced unemployment benefits, Federal Government, Mike Parson, Missouri, Politics, President Joe Biden, Unemployment benefits, Unemployment Rate, US Economy and Markets, weekend BI US

Unemployment declining faster in states that are cutting off $300 enhanced federal benefits, according to WSJ

Unemployment is declining faster in states ending weekly $300 federal benefits, per the WSJ. Missouri ended enhanced federal benefits for unemployed state residents as of June 12. The state's unemployment rate sits below the national average, but many continue to struggle. Sign up for the 10 Things in Politics daily newsletter. LoadingSomething is loading. ...
Economy, Indiana, INSIDER Data, Markets, Policy, Politics, Unemployment, Unemployment aid, Unemployment benefits

An Indiana judge just preserved extra unemployment benefits for thousands

Indiana's early end to unemployment benefits is on pause after a ruling in state court. A judge granted a preliminary injunction in a lawsuit brought against the state. Jobless workers in other states have brought similar suits over benefits ending before September. LoadingSomething is loading. ...
25 GOP-led states and one Democratic state are cutting $300 weekly federal unemployment benefits. Here are the 26 states making the cut this summer.
Alabama, Alaska, Arizona, Arkansas, Asa Hutchinson, Back to work bonus, Biden stimulus, brian kemp, Chris Sununu, Democrats, Doug Burgum, Doug Ducey, Economy, Employment, enhanced unemployment insurance, eric holcomb, Florida, Georgia, Greg Abbott, Greg Gianforte, Henry McMaster, Hiring bonus, Idaho, Indiana, Jim Justice, Jobs, Joe Biden, John Bel Edwards, kay ivey, Kevin Stitt, Kim Reynolds, Kristi Noem, Louisiana, Markets, Mike DeWine, Mike Dunleavy, Mike Parson, Mississippi, Missouri, Montana, Nebraska, New Hampshire, Ohio, Oklahoma, Pete Ricketts, Policy, Politics, Republicans, Ron DeSantis, South Carolina, South Dakota, Spencer Cox, Tate Reeves, Tennessee, Texas, Unemployment benefits, Utah, West Virginia, Wyoming

25 GOP-led states and one Democratic state are cutting $300 weekly federal unemployment benefits. Here are the 26 states making the cut this summer.

Alabama Gov. Kay Ivey. ...
Bernie Sanders, Biden, Economy, Indeed, jen psaki, Jobs, Markets, Policy, Politics, Stimulus, Unemployment, Unemployment benefits

Job searches are down in states cutting federal unemployment benefits early, not what you’d expect to see from a ‘disincentive to work’

Half of all US states — all GOP-led — are cutting Biden's unemployment benefits early, citing a labor shortage. But Indeed data found job searches are still down in the states cutting off the benefits early. This suggests the benefits are not disincentivizing work as much as the GOP argues. See more stories on Insider's business page. Twenty-five GOP-led states have so far opted to end President Joe Biden's $300 weekly unemployment benefits early to incentivize residents to get back to work. But it looks like the cuts aren't motivating people to step up their job searches.Indeed's hiring lab released a report on Tuesday that found ...